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CasMed's non-invasive BP monitoring product line sold to SunTech for $4.5M

SunTech Medical has acquired CAS Medical System's non-invasive blood pressure monitoring product line, which includes the Maxnibp and Maxiq technology, for around $4.5 million. Under the deal, SunTech Medical will buy related product inventory upon completion of the transition period and will pay CasMed up to $2 million in cash depending on the achievement of certain sales criteria through June 2019.

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